President Biden had to decide between competing demands for the titanic sum of frozen assets the U.S. government sat on.
KABUL, AFGHANISTAN - AUGUST 24: In this handout provided by U.S. Central Command Public Affairs, U.S. Air Force loadmasters and pilots assigned to the 816th Expeditionary Airlift Squadron, load passengers aboard a U.S. Air Force C-17 Globemaster III
The Justice Department had signaled months ago that the administration was poised to intervene in a federal lawsuit filed by 9/11 victims and families in New York City. The deadline for that filing had been pushed back until Friday.
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Biden to split frozen Afghan funds for 9/11 victims, reliefPresident Joe Biden is expected to issue an executive order on Friday to move $7 billion of the Afghan central bank’s assets frozen in the U.S. banking system to fund humanitarian relief in Afghanistan and compensate victims of the Sept. 11, 2001, attacks, according to a U.S. official familiar with the decision. International funding to Afghanistan was suspended and billions of dollars of the country’s assets abroad, mostly in the United States, were frozen after the Taliban took control of the country in August. The country’s long-troubled economy has been in a tailspin since the Taliban takeover.
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Biden to split frozen Afghan funds for 9/11 victims, humanitarian reliefInternational funding to Afghanistan was suspended and billions of dollars of the country’s assets abroad were frozen after the Taliban took control of the country in mid-August.
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Biden moves to split $7 billion in frozen Afghan funds for 9/11 victimsPresident Joe Biden is expected to move some $7 billion of the Afghan central bank’s assets frozen in the American funding system to fund humanitarian relief in Afghanistan and compensate victims of the Sept. 11, 2001, attacks.
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Biden moves to split $7 billion in frozen Afghan funds for 9/11 victimsPresident Joe Biden is expected to move some $7 billion of the Afghan central bank’s assets frozen in the American funding system to fund humanitarian relief in Afghanistan and compensate victims of the Sept. 11, 2001, attacks.
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Biden to redirect frozen Afghan assets to families of 9/11 victimsThe US President intends to use his emergency powers to split $7 billion in frozen Afghan central bank funds, allocating $3.5 billion to compensate 9/11 families and $3.5 billion for humanitarian relief.
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Ilhan Omar Blasts 'Unconscionable' Biden Plan to Seize Afghan Assets'President Biden has the opportunity to make amends right now! He can unfreeze the funds belonging to the Afghan people,' said one 9/11 widow with the group PeacefulTomorro.
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